Erie Indemnity (ERIE) Revenue — Quarter Ended Jun 30, 2023
Revenue increased this quarter compared to both the prior quarter and the same period a year ago. The year-over-year growth rate has been accelerating over recent quarters.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased this quarter compared to both the prior quarter and the same period a year ago. The year-over-year growth rate has been accelerating over recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$839.9M
Revenue reported for this quarter.
Quarter-over-quarter
+11.6%
Change from the immediately preceding quarter.
Year-over-year
+15.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $741.2M | +7.8% |
| Dec 31, 2022 | $700.6M | +10.2% |
| Mar 31, 2023 | $752.5M | +12.0% |
| Jun 30, 2023 | $839.9M | +15.7% |
Revenue performance
The rise in operating revenue was supported by higher management fee revenue and administrative services reimbursement revenue.
Quarterly comparison
Compared to the immediately preceding quarter, revenue continued the upward trend seen in recent periods. The increase relative to the same quarter one year earlier was more pronounced.
What to watch
The consistent acceleration in year-over-year revenue growth is a notable trend to monitor.